# Chronotruck

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chronotruck

- Industry: Software
- Headquarters: Paris, France
- Website: www.chronotruck.com
- Total disclosed funding: $3.2M
- Latest round: Series A (Mar 1, 2017)
- Investors on record: 1

## About

Chronotruck SAS is a logistics technology company that connects shippers with carriers through a real-time platform, enabling efficient and streamlined transportation solutions across Europe.Founded in 2014 and headquartered in Paris, France, Chronotruck SAS offers a platform that connects shippers with carriers for efficient logistics solutions. The company was acquired by GEFCO trucking unit of PSA Peugeot Citroen in July 2019, with undisclosed financial terms. Matthieu Verrecchia, one of the founders, has experience in launching technology-driven businesses. The company has successfully completed 2 deals since its inception, with a notable funding round being a Series A in which it raised EUR 3.00 mn from Seventure Partners, bringing the total amount raised to EUR 3.00 mn and the current valuation to EUR 11.905 mn.Chronotruck operates a technology-driven platform that connects shippers with carriers in real-time, facilitating logistics solutions through a user-friendly interface. The service allows shippers to find reliable carriers and manage shipments efficiently, from quotation to delivery, benefiting businesses of all sizes, especially small to medium-sized enterprises lacking negotiation power. The platform is active in several European markets, including France, the United Kingdom, and Belgium, catering to diverse client needs for timely and cost-effective transportation solutions.In the most recent year, 2020, Chronotruck reported a revenue of EUR 897,536.60 and an EBITDA of EUR 94,602.70, demonstrating its ability to generate income through transaction-based fees charged to shippers and carriers on its platform.Chronotruck plans to leverage its recent funding from the Series A round to further develop its platform and introduce new products that enhance user experience. The company aims to expand into additional European markets by 2023, focusing on enhancing its service offerings and increasing its market presence. The funding will also support strategic initiatives to optimize logistics solutions and improve operational efficiency following its acquisition by GEFCO.

## Funding rounds

- Series A, Mar 1, 2017, $3.2M — Seventure Partners

## Investors

- Seventure Partners (https://capitalatlas.ai/funds/seventure-partners) — Series A